Vontobel Holding Ltd. Purchases 631 Shares of Halliburton (NYSE:HAL)

Vontobel Holding Ltd. raised its position in shares of Halliburton (NYSE:HAL) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,695 shares of the oilfield services company’s stock after acquiring an additional 631 shares during the period. Vontobel Holding Ltd.’s holdings in Halliburton were worth $1,569,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its stake in shares of Halliburton by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 348,698 shares of the oilfield services company’s stock valued at $9,342,000 after buying an additional 14,215 shares during the period. Van ECK Associates Corp lifted its stake in shares of Halliburton by 31.3% in the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after buying an additional 1,214,586 shares during the period. Great Lakes Retirement Inc. lifted its stake in shares of Halliburton by 18.4% in the fourth quarter. Great Lakes Retirement Inc. now owns 23,907 shares of the oilfield services company’s stock valued at $650,000 after buying an additional 3,723 shares during the period. Quent Capital LLC lifted its stake in shares of Halliburton by 261.1% in the fourth quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company’s stock valued at $61,000 after buying an additional 1,624 shares during the period. Finally, Eukles Asset Management lifted its stake in shares of Halliburton by 6.2% in the fourth quarter. Eukles Asset Management now owns 12,296 shares of the oilfield services company’s stock valued at $334,000 after buying an additional 713 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HAL shares. Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Wells Fargo & Company cut their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Jefferies Financial Group cut their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Susquehanna dropped their price objective on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Price Performance

Shares of NYSE HAL opened at $26.16 on Tuesday. Halliburton has a twelve month low of $25.16 and a twelve month high of $41.56. The firm has a fifty day simple moving average of $27.30 and a 200 day simple moving average of $29.07. The company has a market capitalization of $22.98 billion, a PE ratio of 9.24, a P/E/G ratio of 3.53 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.